Re: Way Out There...
in response to
by
posted on
Apr 13, 2016 04:31PM
CUU own 25% Schaft Creek: proven/probable min. reserves/940.8m tonnes = 0.27% copper, 0.19 g/t gold, 0.018% moly and 1.72 g/t silver containing: 5.6b lbs copper, 5.8m ounces gold, 363.5m lbs moly and 51.7m ounces silver; (Recoverable CuEq 0.46%)
This certainly is a weird sequence of events.
To add a bit of perspective.
CUU market cap is 58 million. CXM Market cap is (was) 3.6 million of which our 65% equals 2.34 million.
This would equate to a little more than half a penny loss to CUU share price.
Still, I am not impressed. Something smells fishy.
Radagast